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You need $500. How should you get it?
The (bad) options for Americans facing an emergency expense.
Subscribe to our channel and turn on notifications (🔔) so you don't miss any videos: goo.gl/0bsAjO
A 2023 Federal Reserve survey found that a third of Americans say that they don’t have the cash to cover a $500 emergency expense. So what happens if they need it?
In this video, we compare six of the ways Americans say they get money when they don't have it: credit cards, bank loans, borrowing from a friend or family member, payday loans, selling something, and going into overdraft. How difficult is each one to access? How does paying off each kind of debt work? And how much does each one cost down the line?
None of these options are great for someone who can’t pay an emergency expense. But some of them are a lot worse than others.
This video is presented by DCU. DCU doesn’t have a say in our editorial decisions, but they make videos like this possible.
Sources and further reading:
The Federal Reserve report: www.federalreserve.gov/publications/2023-economic-well-being-of-us-households-in-2022-expenses.htm
A range of interest calculators, if you’re currently weighing your options: www.calculator.net/financial-calculator.html
More on the predatory nature of payday loans from the Pew Charitable Trusts: www.pewtrusts.org/en/research-and-analysis/articles/2023/06/07/what-does-the-research-say-about-payday-loans
Watch our full video catalog: goo.gl/IZONyE
Follow Vox on TikTok: tiktok.com/@voxdotcom
Check out our articles: www.vox.com/
Listen to our podcasts: www.vox.com/podcasts
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Komentáře

  • @Ati-MarcusS
    @Ati-MarcusS Před 8 minutami

    wow just wow

  • @polylight
    @polylight Před 9 minutami

    Ortho-K is working for my son. We have to drive nearly an hour to a provider, which is ridiculous. It should be a mainstream, first-line treatment.

  • @KaiSong-vv7wh
    @KaiSong-vv7wh Před 16 minutami

    Okay, when is she going to tell me something non-obvious?, I mean like something that someone able to open a webbrowser and click on a thumbnail would not have been able to conclude already? Oh, the video is already over -.-

  • @joseceballos3769
    @joseceballos3769 Před 21 minutou

    Increible como en EEUU se siguen dividiendo en razón de la raza. Creo que el racismo nunca dejará de ser tema en ese país

  • @PaulGrant-oy9yi
    @PaulGrant-oy9yi Před 26 minutami

    Why are people still listening to Larry Summers when he helped cause the 2008 crash pushing derivatives and swaps????

  • @authenticity3154
    @authenticity3154 Před 28 minutami

    real CONTENT

  • @omercamloglu7450
    @omercamloglu7450 Před 29 minutami

    İslam din iman türban cahil bırakılarak sömürülen toplum 🌎🤔

  • @1TsYara
    @1TsYara Před 51 minutou

    SO NOTHING IS GOING TO HAPPEND TO THE ENTER NET IF THE SUN STORM WAS REAL!?

  • @Teraloth
    @Teraloth Před 54 minutami

    I would love to see someone bring these back with modern colors and tech. We need more of these basic starter home's to be built, not these over priced Mc Mansions. A home that would be under 150k if possible.

  • @juliadove1006
    @juliadove1006 Před 54 minutami

    What I love about this, is that someone, probably got their doctorate, on the back of snails in the margins of medieval manuscripts. Think what fun researching that would have been!

  • @trey4895
    @trey4895 Před 55 minutami

    Be your own bank & study Bitcoin.

  • @costar155
    @costar155 Před hodinou

    Very nice

  • @luisduron2722
    @luisduron2722 Před hodinou

    2024

  • @user-gi9rh2eh8s
    @user-gi9rh2eh8s Před hodinou

    "European Jews " so not their land and their audacity to use religion to say their chosen enough to do what they want

    • @closetglobe.IRGUN.NW0
      @closetglobe.IRGUN.NW0 Před hodinou

      Correct. It's ridiculous for European immigrants to force their state unto palestina

  • @karnchaturvedi9050
    @karnchaturvedi9050 Před hodinou

    One sided information. USA made ISIS..

  • @Animallovercomedian
    @Animallovercomedian Před hodinou

    I don't want to make Vox's collective ego swell even more, but this is the video that got me to stop buying beef a year ago

  • @lukejolley8354
    @lukejolley8354 Před hodinou

    Every household should have a globe. They’re expensive, but they’re necessary.

  • @GML_123.
    @GML_123. Před hodinou

    Many countries returned after Ottoman Empire fell.

  • @TrevorDuran3390
    @TrevorDuran3390 Před 2 hodinami

    Uhh... the retirement age WAS increased. To 67. And no one noticed

  • @cagrdinc9558
    @cagrdinc9558 Před 2 hodinami

    Turkey had %172 inflation last year this should have been mentioned fr

  • @fightingasnail
    @fightingasnail Před 2 hodinami

    Let me fight my snail

  • @skann8883
    @skann8883 Před 2 hodinami

    what a beautiful video! The effort, curiosity and final result are absolutely amazing. Pristine village in the center of a touching documentary :)

  • @Benjamimic
    @Benjamimic Před 2 hodinami

    Why didn't you mention Defi at all? You can easily borrow $500 via a smart contract from a stranger w/ competitive, often lower, rates than banks offer. If you're going to make a video like this you should explore ALL options, not just the mainstream centralized ones that may cost more money.

  • @Crypticbutton
    @Crypticbutton Před 2 hodinami

    How yall talking to people who make 100k and more. Talk to people making 30-50k then ill respect this.

  • @Caucasian_enthusiast
    @Caucasian_enthusiast Před 2 hodinami

    Previously unknown country… in a few decades they would be known across the globe for how gruesomely they wage war.

  • @pbziegler
    @pbziegler Před 2 hodinami

    Well it sure works for me. Lost weight, metabolic heath improved and I never feel hungry even though I am eating two or three meals a day and no snacking. So if this video confirms to your beliefs good luck to you. But you need to consider that nothing said in this video is confirmed by an good research. Just a lot of assumptions.

  • @rotherthies
    @rotherthies Před 2 hodinami

    Good lord. Whats with all the tasteless ww2 jokes!?

  • @hzgl
    @hzgl Před 2 hodinami

    The video in your ad is way too long.

  • @poncholarpez6233
    @poncholarpez6233 Před 2 hodinami

    In the space between 4:20 to 4:35 you go from it being the West Bank to Palestine, with zero reasoning or historical fact.

  • @RichardCranium.
    @RichardCranium. Před 2 hodinami

    These guys have the worst optics imaginable, but they say some truth. If they lose some weight and didn't attach it to swastikas then the silent majority would agree with them.

  • @m.m.soliemani405
    @m.m.soliemani405 Před 2 hodinami

    You made a mistake in minute 4! Ayatollah Khomeini established an Islamic government and a republic according to the will of the people and for several years he had forbidden the clerics from running the country!

  • @1611savedmatthew
    @1611savedmatthew Před 2 hodinami

    Catholics: read the Book of Revelation 17-18 in a King James Bible and learn about your religious system.

  • @SupposeKennethed
    @SupposeKennethed Před 2 hodinami

    They're not getting harder, they're just getting more inaccurate on their verification end.

  • @stoshkee5745
    @stoshkee5745 Před 3 hodinami

    No, Nato is trying to redraw the European map by force. No Nato push to add Ukraine, no war. Simple

  • @JamesCollins-oq9hx
    @JamesCollins-oq9hx Před 3 hodinami

    wait till they create a blackhole

  • @jamesittraining3206
    @jamesittraining3206 Před 3 hodinami

    It doesn't anymore lol (2024)

  • @fischi3008
    @fischi3008 Před 3 hodinami

    Has anyone ever asked how come the CCP took over the whole of China in a little more than 20 years, sicne its founding in 1921? The Nationalist government back then was corrutped to the core, hence it lost the support of the Chinese people, that's the reason why the CCP won the civil war in the end.

  • @waitme3519
    @waitme3519 Před 3 hodinami

    Why Chinese eat all kinds of animals?

  • @umblnc
    @umblnc Před 3 hodinami

    How do people have so much free time that they want to spend staring at a TV? I am still thinking if I even need one streaming service.

  • @icreatedanaccountforthis1852

    This is hilarious.

  • @HolahkuTaigiTWFormosanDiplomat

    0.0 now I see that we don't understand the thing we're learning... which is the waste of the time of everyone who went to the school.

  • @user-lp1gq1rv3x
    @user-lp1gq1rv3x Před 4 hodinami

    Did the violet noise just felt like frying Bacon😂

  • @troubledsole9104
    @troubledsole9104 Před 4 hodinami

    The electoral college was a bad idea from the get go, delivered to us by a bunch of drunk guys at a convention centuries ago.

  • @eugenehope8462
    @eugenehope8462 Před 4 hodinami

    This video showing what the people there have will only bring them trouble now that other see the land and water. The people that put this video together and traveled there have basically ruined the villagers peaceful living.

  • @yonelyon2607
    @yonelyon2607 Před 4 hodinami

    24:32 Thanks and and appreciation to Christopher, Lalie and her team for this euphoric and nostalgic experience. I have lived in a remote place at some point in my many lifetimes and I would love to spend some more time in such a place away from all this stress of capitalism and modernity.

  • @SavageGreywolf
    @SavageGreywolf Před 4 hodinami

    "There isn't enough evidence yet to say whether the dementia village model is better" eugh. Not everything needs to be proven scientifically before it should change. Of course giving people a structured, familiar autonomy is better than locking them in a clinical facility. I hate how often our society gets in a rut and refuses to change because 'this is the way we've always* done things'. *'always' meaning 'during the last 50 years or so'.

  • @lehrgangswerk
    @lehrgangswerk Před 4 hodinami

    In the medieval Alien was a snail and Riply was Jean d Arc.

  • @AA-zr5nu
    @AA-zr5nu Před 4 hodinami

    !

  • @andybaldman
    @andybaldman Před 4 hodinami

    The answer is screens

  • @saibharadwajbadda4539
    @saibharadwajbadda4539 Před 4 hodinami

    What if you already have a credit card. Then pay back is super easy